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Acfs Launches New Interest Rate Reduction For Student Loan Holders
American Collegiate Financial Services (ACFS) is now offering a variety of interest reducing programs through their Federal consolidation loan program. holders have the option of consolidating their Federal student loans upon graduating, leaving school or dropping below half-time enrollment. Consolidating allows the borrower to obtain a fixed interest rate, lower monthly payments and take advantage of interest rate reduction programs.Interest rate reduction programs are incentives for automated and on-time payments. The standard throughout the consolidation industry has been a 0.25% reduction for ACH, an automatically withdrawn payment from a checking or savings account and a 1.00% reduction for making 36 or 48 consecutive on-time payments. "Unfortunately, borrowers planning to pay their loans off in a few years cannot fully benefit from the 1.00% reduction after 36 months because it takes at least three years to qualify," stated John Vis, President and CEO of ACFS. Recognizing that holders are individuals with unique financial needs, ACFS has launched a new incentive of a 0.75% reduction, awarded for 12 consecutive on-time payments. The 0.75% reduction, along with the 0.25% reduction,
is the most efficient interest rate reducing program available. "This [0.75% reduction] allows borrowers to save on their interest and have flexible repayment terms. We are confident that this new program is the best deal out there," stated Vis. Eligibility may be determined by calling (800)818-5077 or by visiting www.OneStudentLoan.com. About ACFSACFS is set to become the nation's leader in providing financial assistance to borrowers. Its purpose is to educate students and parents regarding debt. Since its inception in 2002, ACFS has assisted thousands of borrowers in the management and consolidation of over $1 billion in student loans. ACFS makes higher education more affordable through an innovative loan product and superior customer service. ACFS, based in St. Petersburg, FL, offers the nation's best advice at 800.818.5077. For more information on ACFS, visit www.OneStudentLoan.com.For complete story or a sample copy contact:Janel Landise-mail protected from spam bots800.304.1473 ext. 1007.
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